First Trust Merger Arbitrage ETF (NYSEARCA:MARB) Short Interest Up 496.8% in January

First Trust Merger Arbitrage ETF (NYSEARCA:MARB) was the target of a significant increase in short interest in January. As of January 15th, there was short interest totaling 10,491 shares, an increase of 496.8% from the December 31st total of 1,758 shares. Based on an average daily trading volume, of 14,158 shares, the days-to-cover ratio is currently 0.7 days. Currently, 0.6% of the shares of the stock are sold short. Currently, 0.6% of the shares of the stock are sold short. Based on an average daily trading volume, of 14,158 shares, the days-to-cover ratio is currently 0.7 days.

First Trust Merger Arbitrage ETF Stock Performance

Shares of NYSEARCA MARB opened at $20.70 on Wednesday. The company’s 50-day moving average price is $20.66 and its 200 day moving average price is $20.60. First Trust Merger Arbitrage ETF has a 52 week low of $19.49 and a 52 week high of $22.33. The stock has a market cap of $38.30 million, a price-to-earnings ratio of 20.69 and a beta of 0.03.

Institutional Investors Weigh In On First Trust Merger Arbitrage ETF

A number of large investors have recently bought and sold shares of MARB. Private Trust Co. NA purchased a new stake in First Trust Merger Arbitrage ETF during the third quarter worth approximately $41,000. CIBC Private Wealth Group LLC acquired a new stake in First Trust Merger Arbitrage ETF in the 3rd quarter valued at $85,000. AE Wealth Management LLC purchased a new position in First Trust Merger Arbitrage ETF in the third quarter valued at about $107,000. TFB Advisors LLC acquired a new position in shares of First Trust Merger Arbitrage ETF during the second quarter worth about $207,000. Finally, World Equity Group Inc. purchased a new stake in shares of First Trust Merger Arbitrage ETF in the third quarter worth about $298,000.

About First Trust Merger Arbitrage ETF

The First Trust Vivaldi Merger Arbitrage ETF (MARB) is an exchange-traded fund that mostly invests in long\u002Fshort alternatives. The fund is an actively-managed global fund that uses a merger arbitrage strategy to long takeover target and short the acquiring company. MARB was launched on Feb 4, 2020 and is managed by First Trust.